Daily Market Overview: EUR/USD

Source: Dukascopy Bank
© Dukascopy Bank

Daily maximum: 1.3084

Daily minimum: 1.3004

The daily forecast mean at 1.3009 has been touched, though the pair recovered its intraday losses after Mario Draghi, the ECB chairman, stated the euro zone is on the right track.

Daily Resistance: 1.3057; 1.3099; 1.31500. Daily Support: 1.2963; 1.2913; 1.2871. Daily Bias: Strongly bearish.

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Fri, 16 Dec 2011 16:56:01 GMT

Daily Market Overview: EUR/JPY

The single European currency is trading within 101.-102 price range on further uncertainty with EZ, though level 101.32 - the daily forecast consensus – was not tested today after the Euro pared intraday losses on the ECB chief statement.

Fri, 16 Dec 2011 07:21:38 GMT

EUR/USD to slow down near 1.2860

Currency pair's bearish movement seems to be decelerating while approaching 1.2860. Test of this support might result in a near-term rally, although the longer-term study suggests continuation of a downtrend, down to 1.2089.

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